Nasdaq Proposes New Rule for Crypto Investment Listings
Nasdaq has proposed a brand new rule to permit the buying and selling and itemizing of funding merchandise linked to digital property, in accordance with a latest submitting.
The proposal suggests including a brand new rule, known as Nasdaq Rule 5712, which might let corporations record securities backed by digital property.
These embrace securities from corporations holding digital property and funding pursuits based mostly on money, derivatives, or different sources. It additionally proposes shifting the Hashdex Nasdaq Crypto Index US ETF to this new rule from its present itemizing class.
The submitting talked about, “This proposal goals to amend representations concerning the funding goal and technique of the [Hashdex Nasdaq Crypto Index US ETF] made within the rule change beforehand filed with and permitted by the Securities and Alternate Fee referring to the Belief.”
The cryptocurrency investing firm Hashdex is in command of managing the Hashdex Nasdaq Crypto Index US ETF. In keeping with its July 2024 registration assertion, the fund’s major holdings are Bitcoin and Ether, however it could additionally personal different digital property based mostly on U.S. crypto laws.
Additionally Learn: Nasdaq Seeks SEC Approval for XRP & Litecoin ETFs
